A stock connect scheme linking Shanghai and London will be broadened to include Shenzhen-listed companies, as well as capital markets in Germany and Switzerland, China"s securities regulator said on Friday. Expanding the Shanghai-London Stock Connect scheme helps facilitate cross-border investment and promotes the opening-up of China"s capital markets, the China Securities Regulatory Commission (CSRC) said in a statement. Under the current scheme, companies traded in Shanghai and London can list on each other"s bourses, by selling so-called depository receipts. Chinese companies can raise fresh capital, but U.K.-listed companies can not, only allowed to issue Chinese Depository Receipts (CDRs) backed by existing shares. On Friday, CSRC published revised rules for consultation, allowing offshore companies to raise fresh capital under the scheme, which will expand to include Germany and Switzerland. In addition, qualified Shenzhen-listed companies can also participate in the expanded program. So far, four Chinese companies are listed on the London stock exchange under the scheme, but no U.K-listed firms have sold CDRs in Shanghai. Reporting by Beijing Newsroom; writing by Tom Daly; editing by Jason Neely and Louise Heavens Our Standards: The Thomson Reuters Trust Principles.